Other income and expenses in 2021 were primarily as follows:

  • impairment of assets in China for €2 million and in France for €2 million;
  • recognition of a €10 million loss during a platform migration in Mexico and the transfer of the historical balances of client cards;
  • restructuring costs for €9 million;
  • expenses related to “More Than Ever” fund initiatives for €1 million.

Other income and expenses in 2020 were primarily as follows:

  • additional impairment of assets, primarily in France for €4 million and Brazil for €4 million;
  • reversal of a provision relating to the ICSID dispute with the Hungarian government for €6 million (Note 10.3 “Claims, litigation and tax risk”);
  • recognition of a €7 million loss during a platform migration in Mexico and the transfer of the historical balances of client cards;
  • goodwill impairment in Brazil for €3 million relating to a non-core asset and in Colombia for €1 million;
  • restructuring costs for €12 million;
  • expenses related to “More Than Ever” fund initiatives for €5 million.

 

10.2 Provisions
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In accordance with IAS 37 – Provisions, Contingent Liabilities and Contingent Assets, a provision is recognized when the Group has a present obligation (legal, contractual or implicit) as a result of a past event and it is probable that an outflow of resources embodying economic benefits will be required to settle the obligation. Provisions are determined based on the best estimate of the expenditure required to settle the obligation.

Provisions for restructuring costs are recorded when the Group has a detailed formal plan for the restructuring and the plan’s main features have been announced to those affected by it.

 

 

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Provisions for losses due to voucher theft are calculated for reported thefts based on a percentage of the stolen vouchers’ aggregate face value corresponding to the Group’s best estimate of the proportion of those vouchers that will be cashed in.

 

Movements in non-current provisions between January 1, 2021 and December 31, 2021 can be analyzed as follows:

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298a

Movements in current provisions between January 1, 2021 and December 31, 2021 can be analyzed as follows:

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298b

Taken individually, all ongoing disputes are immaterial, with the exception of those presented in Note 10.3 “Claims, litigation and tax risk”.